Safemoon Jumped by 1,000% Since Friday – DeFi Market Wrap 

Safemoon skyrocketed by more than 1,000% since last Friday. Currently, each token’s value is approximately US$0.0000079. The crypto’s market cap is now around US$4.6bn.

Safemoon is relatively new crypto launched in the first quarter of 2021. It is also the crypto minnow, which means that it currently carries a value of less than a thousandth of a dollar. However, this particular token has rallied significantly in recent days. It is attracting fresh investor interest while the rest of the cryptos are tumbling in the red.

Some analysts compare Safemoon to fellow crypto minnow Dogecoin due to its recent surge in value and microscopically low entry price. Dogecoin was initially set up as something of a joke in 2013. Still, its value skyrocketed during 2021, mainly thanks to the backup of high profile individuals such as Tesla CEO Elon Musk.

Busy DAO is realizing its native token BUSY

Busy DAO is a decentralized distributed solution that leverages blockchain technology in multiple cases. Its team recently announced about their plan to build a decentralized platform for freelancers. They will distribute the Web 3.0 engine to everyone aiming to gain an advantage with it through smart contracts.

Busy DAO is launching its native token today. The token’s ICO price is $0.06, and a total of 1,666,667 BUSY are available for investors during the sale, which ends tomorrow.

The platform uses blockchain solutions as a basis. Busy also uses its own proof of stake consensus, randomly selecting users who verify the authenticity of blocks. The process is very fast, with the data immediately moved to the block.

Furthermore, the system contributes to overall decentralization, with each active user becoming part of the network. The whole process ensures a high level of security and simultaneously prevents double-spending.

Busy technology will soon be applicable to various B2C/C2C platforms through smart contracts. It offers lots of solutions for DeFi space obstacles, including a fully automated platform, utility staking, Transparency, security, native coin, and decentralized governance.

Utility staking that Busy DAO offers is an innovative blockchain feature. Besides, the team plans to build the freelance platform on a unique Web 3.0 technology as a charge-free solution, making every user a vital part of the platform’s decentralized ecosystem.

Every investor can occupy space through utility staking while using this platform and profit from staking with a reward of 33% p.a.

Unifram announced that it managed to raise $2 million thus far

UniFarm recently announced that it has already raised $2 million from investors. The platform launched a $UFARM token for ICO sale on April 19, 2021. Its most important use case is governance. The $UFARM token holders will be able to vote on all protocol-level changes in the project. Besides, UniFarm has added various classic DeFi utilities to the token, giving it a lot of value. It takes part in all major pools. So, traders can use it for staking on the UniFarm platform as well. According to UniFarm team, they will add more use cases to the token as the project grows.

UniFarm token distribution:

This project uses a Buyback & lock model, ensuring scalability with no external financial crutches. UniFarm platform uses 25% of the fee gathered by projects to buy back tokens. These $UFARM tokens end up locked on this chain for a year. However, after that period, the tokens move towards the project’s treasury.

BTC-Alpha ended its first token Burn successfully

A European-based cryptocurrency exchange BTC-Alpha hosted a historical event. The first token burn of ALP Coins, its native tokens, went very successfully. Overall, they burnt 1,000,000 tokens throughout the entire existence of the exchange. All the ALPs paid for its services and products, with burning conducted according to the trading volumes of ALP.

ALP cost around $0.26 when the token burn began. However, now it skyrocketed to $1.34. It has rallied by 417.7% overall since April 16th. This burn is the beginning of a major update. We will completely reevaluate the economy of the ALP token – stated Vitalii Bodnar, the CEO of BTC-Alpha.

Vitalii Bodnar posted on LinkedIn the results of BTC-Alpha’s first token burn. He wrote that they were there for users with the best quality of their service for five years, adding that this token burn is their first step to a new stage of their development. Bodnar also expressed gratitude to the exchange’s all users for supporting ALP Coin, as well as their credit to BTC-Alpha.

Tech Token will list TCN Tokens on Coinsbit

Tech Token Network announced that it is ready to list TCN tokens on the Coinsbit exchange’s platform. Investors can trade tokens with several cryptos, including Bitcoin BTC, Tether, and Tron TRX.

Tech Token (TCN) is a crypto token. Its total supply is approximately 270 million tokens. Currently, 229 million’s worth of tokens (85% of supplies) are available. TCN works on the TRC20 TronScan blockchain, and it will soon inherit the decentralized finance protocol. For now, this token is available on Just swap, but it will be listed on the Coinsbit exchange soon.

The tech token network team noted that they are looking for crypto exchange because it will allow them to interact with more active users, enjoy overall security improvement, and have more transparency. Besides, an exchange platform offers automatic procedures with very little to no transaction fee.

There are several primary requirements if companies want to grab the exchange portal for listing their native token, including manual project checking, basic connections, compensation, and liquidity assurance. However, the company also plans to build and strengthen relationships with crypto exchanges, as it aims to advance assiduity for blockchain projects and token listing for TCN tokens.

Coinsbit has a strong reputation in the crypto market. Thanks to this exchange, traders will be able to trade BTC, USDT, and TRX trading pairs with TCN tokens.

Currently, TCN’s market value is 0.01 $, and Coinsbit typically charges a small minimal fee for the transaction. But the transaction may be free of cost depending on the partnership.

Curve Finance launched a liquidity pool on Polygon

Curve Finance decided to leverage Polygon’s scalability solution, joining SushiSwap and Aave. A leading DeFi protocol has found the market fit in providing customers with very efficient stablecoin swapping. This includes cheap swaps between leading tokens such as USDT, DAI, and USDC. Furthermore, users can earn fees, along with token rewards for staking liquidity in various pools.

More and more users pile into Polygon’s growth, and participants within the Layer-2 ecosystem are demanding the same amenities and advantages as DeFi on Ethereum’s mainnet. Polygon stated that such a situation caused the need for deep liquidity for stablecoin pairs, and Curve is exceptional for that.

Curve Finance has already launched a liquidity pool on Polygon. Liquidity providers and traders can now swap between stablecoins and earn rewards on the Layer-2 solution. Besides, the Curve team has declared that that additional CRV rewards will arrive shortly.

Lots of DeFi projects have made scaling the highest priority this year. They just have to choose between the top solutions, and Polygon is one of the options among them.

Optimism has already launched on Synthetix this year. This solution uses roll-ups to achieve scalability, though. Uniswap has also stated that it would include the upgrade as part of its v3 update this summer. Still, each solution has its own pros and cons. So, users will be the winners of this debate.